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FOX Business
Dec 12, 2012 6:00pm EST
.s. falls off the fiscal cliff, speaker john bain ser slamming the brakes on any hopes a deal is coming soon, making it clear both sides have differences. second in command, eric cantor warning members not to make any plan for holidays, and kevin brady of texas, vice chairman of joint economic committee, thank you, are we still that far apart? >> you know we are. i started optimistic to get this done before the holidays, but, i don't feel that way, it seems to me the decision has been made, perhaps by white house to take us off this fiscal cliff. i think this is irresponsible to do it we're ready to work out a reasonable sound solution but i do not see that coming from the other side right now. tracy: is it because there is so much going on behind scenes. they think there is a lot of secret wheeling and dealing with john boehner and the president do you agree? >> i do not, i think he -- they have been sporadic talks, i know speaker boehner has been frustrated with how slow the responses have been. again, you know, not just tax rates it is authentic spending cuts, if we don't find a way to fa
FOX Business
Dec 11, 2012 5:00pm EST
of a good thing. stocks soared in early trading on hopes of a deal on the fiscal cliff. but a parade of speeches by congressional leaders this afternoon dump ad whole lot of water on the rally. stocks pared back from session highs. dow closed down 78 points. even dollar stores are having trouble making money today. dollar general shares got hammered. they warned of sluggish growth ahead and margins that would likely remain flat. >>> urban outfitters is mailing holiday catalogs filled with f-bombs. did you get one of these. retailer is seeing quote, high single-digit expansion in same-store sales this quarter. shares rose more than 4% on the news. it is our top story tonight. un-busters cracking the bedrock of labor unions in michigan even though fiery protests rocked the state capitol all day today they were out there. its house of representatives has passed two right to work bills making it possible for workers to volunteer to belong to a union and pay dues. michigan governor rick snyder could sign bills into law any minute now. so is this the end for unions? joining me now is the t
MSNBC
Dec 12, 2012 9:00am PST
frame necessary to reach a deal on the fiscal cliff. it's wednesday, december 12th, and this is "now." >>> joining me today, msnbc contributor and political editor and white house correspondent for the "huffington post," sam stein holding it down stag style. jane mayer from "the new yorker" is here. bbc world news america anchor and former traveling press secretary for the obama campaign jen socky. this is the speed of the fiscal cliff negotiations. blink and you just might miss exactly nothing. while talks between speaker boehner and president obama over the past three days have been shrouded in secrecy, we've learned there have been two offers put on the table. the white house sent boehner a proposal on monday calling for $1.4 trillion in tax revenue, $200 billion less than the original offer. might that seal the deal? >> the president's called for $1.4 trillion worth of revenue. that cannot pass the house or the senate. >> okay then. the speaker's office responded with a deal of its own. yesterday it included precisely the same amount of revenue from the original proposal, $800 bi
PBS
Dec 10, 2012 6:00pm PST
. but limiting or even charitable deductions could be part of a deal to avoid the fiscal cliff. one man of the tax policy center says given our national debt? sort of tax hikes are inevitable. >> one way is to tax the same income we have right now but get more revenue. the alternative is to tax more. get rid of the deductions and the exemptions, the things that reduce or taxable income. we tax more at today's rates and we bring in more revenue. >> reporter: itemized deductions are the first form of tax breaks on the table. used by 30% of tax payers they cost the government over $200 billion a year. about a fifth of this year's deficit. charitable donations alone cost $40 billion a year. but ending them is costly too. >> anybody who gives money away, taxes will go up. they'll pay more. that's what we're all about trying to get rid of these. but at the same time they'll likely give less to charity. if i don't get the deduction, it's going to cost me more after taxes to give away money. >> reporter: and say nonprofit leaders, if the rich stop giving, the poor stop getting. >> we're here to
MSNBC
Dec 12, 2012 2:00pm PST
back to "hardball." there was a hint of movement on the fiscal cliff deal between president obama and speaker boehner yesterday. here's where things stand for now. the white house sent over a proposal that lowered the revenue target for the president obama from $1.6 trillion to $1.6 trillion. he also increased spending cuts to $600 billion. so you have three things he's moving on there. speaker boehner was not impressed sending over his original offer of $800 billion in revenue. by the way that was the number last summer, summer of '11. acknowledged there's a long way to go. let's listen to him. >> i remain the most optimistic person in this town, but we've got some serious differences. the president and i had a pretty frank conversation about just how far apart we are. >> and in an interview with barbara walters, the president held firm and said time is running out. >> taxes are going to go up one way or the other. and i think the key is to make sure that taxes go up on the high end individuals like you and me, barbara. we can afford it. it is entirely possible for us to come up
KRON
Dec 9, 2012 11:00pm PST
in person to play the fiscal cliff version of let's make a deal. that is all ahead when kron 4 news continues. [ female announcer ] for those who love sweets, your season is here. let's just call it the baking time of year. you need special ingredients. you need the staples. that's a given. you need safeway sugar for just $1.97. and that magic thing that makes everyone want another -- only $2.99 for challenge butter. and when hands get messy, quite surely they'll say, "yum! wow! yay! what a sweeter holiday." safeway. ingredients for life. ♪ in a world where ♪ there is so much to see ♪ there's still no other place ♪ that i would rather, rather ♪ rather, rather be ♪ [ male announcer ] dip into sabra hummus and discover a little taste of the world. enjoy sabra dips. adventure awaits. >>> port of oakland employees voted to ratify a contract agreement reached last month. this is video from the strike. the agreement includes a cost of living raise over the next two years and a signing bonus. they have been bargaining since june of 2011. >>> gas prices continue to drop. the ave
CNN
Dec 7, 2012 2:00am PST
is live in washington. nice to see you. new polls. what do americans want to see in a fiscal cliff deal? >> the polls are at these num, the big sticking points, should taxes be raised on those making over $250,000 a taxes would be raised if there's no deal to avert the fiscal cliff. yesterday as you said, the president was in northern virginia meeting with a middle class family who would suffer if there was no deal. last week the president went to suburban philadelphia, to a small business again to make the point of his side in these fiscal cliff negotiations. different than a year and a half ago when the president dealt only with republicans in congress. this time he is taking the case to americans and getting outside of washington, d.c. congressional republicans not so happy that the president is doing this. >> we understand that. paul steinhauser live in washington, thank you. >>> let's talk more about the fiscal cliff. we have the washington correspondent for the new yorker and cnn contributor ryan lizza with us. john boehner and the president in a room, just the two of them. good i
CNN
Dec 7, 2012 4:00am PST
and speaker boehner are working on a deal on the fiscal cliff. but there's one man who says it's all about the baby boomers. a former white house senior adviser says without that impact, you're never going to get anywhere. >>> plus senator colbert, a new push to get him into washington politics. talk about that ahead. music is a universal language. but when i was in an accident... i was worried the health care system spoke a language all its own with unitedhealthcare, i got help that fit my life. information on my phone. connection to doctors who get where i'm from. and tools to estimate what my care may cost. so i never missed a beat. we're more than 78,000 people looking out for more than 70 million americans. that's health in numbers. unitedhealthcare. you won't take our future. aids affects us all. even babies. chevron is working to stop mother-to-child transmission. our employees and their families are part of the fight. and we're winning. at chevron nigeria, we haven't had a reported case in 12 years. aids is strong. aids is strong. but we are stronger. and aids... ♪ aids is going
FOX News
Dec 10, 2012 3:00am PST
. that makes no difference whatsoever. forget this fiscal cliff deal. the moral is, you raise tax rates and down goes tax revenue. look at what happened in britain. this raised the top tax rate to 50% and two-thirds of the millionaires disappeared in the next tax year. same things are happening in france. people are leaving. the top tax rate of 75%. same thing had in maryland a few years ago. new millionaires tax. they disappeared. exactly the same thing in california. >> brian: they went to pennsylvania and california. now texas. >> you avoid a high, what they consider a high tax rate. you want to take more money off them, but when you try do it, you don't get more money off them. >> brian: are you disturbed at all, 'cause i know you're a numbers guy, that it seems as though republicans from senator cork tore coburn to coal, seem to be saying, all right, just raise the rate. give the president his trophy so we can get to real cuts, would that bother you? >> yes, it would bother me because this is a spending problem. not a tax problem. if you just give in and pay the higher tax rates or
CBS
Dec 11, 2012 4:00am PST
cautious as u.s. leaders agreed to reach a budget deal to avoid the fiscal cliff. tokyo's nikkei gained a fraction while hong kong's hang seng added a quarter percent. >>> this week the federal reserve is expected to announce a new bond-buying program aimed at lowering interest rates. if it works, it might soften the blow if the nation goes over the fiscal cliff. fed chair ben bernanke has said if a budget deal can't be reached, there's little the central bank can do to offset the shock of those spending increases and tax cuts. >>> a strong sales report from mcdonald's offset wall street's worries about the fiscal cliff negotiations. the dow added 15 points while the nasdaq gained 9 points. >>> hsbc is paying a record $1.9 billion to settle a federal and state money laundering probe. the british bank was under investigation for allegedly transferring billions of dollars on behalf of iran which is under international sanctions. hsbc is also alleged to have laundered money from mexican drug cartels. under the terms of the settlement, the bank will avoid criminal prosecution if it meets ce
MSNBC
Dec 11, 2012 6:00am PST
of his political capital to drive home the deal that he wants at a minimum on the fiscal cliff. >> typical middle class family of four will see an income tax hike of around $2,200 how many of you can afford to pay another $ $2,200 in taxes? not you? i didn't think so. we can solve this problem. congress needs to sign a law that would prevent a tax hike on the first $250,000 of everybody's income. everybody. >> but the president was noticeably less confrontational towards republicans. >>> i understand people have a lot of different views. i'm willing to compromise a little bit. >> can't help but wonder if that softer tone is all about the fact that it came a day after he sat down with john boehner, the speaker. first one-on-one meeting between the two men in 18 months, believe it or not. give them more freedom to negotiate without political interference. but even as the president dials back the rhetoric, there is harsh stuff going on on the other side. campaign arm of the house democrats is doing just the opposite of dialing it back. robo calls going in 35 republican house distr
CSPAN
Dec 9, 2012 7:00am EST
over the fiscal cliff and have a deal. host: this is a very important change. a lot of people say, 1995 and 1996, the speaker and president clinton were able to cut a deal addicted to their caucuses what will happen. this is a different deal. he could say, if you do not like the steel, it is not clear to me if john boehner wanted the cops as they would take him up on the offer. guest: the parties are much more partisan and split. the ideological differences between them are much greater. the speaker is a little weaker than gingrich was before. the world has changed completely since 1995. guest: i would point out all the focus is on the house. how are you going to get it through the senate? mitch mcconnell is in a tough position. harry reid, he has some people who loves his job. he would like to be along with the progressives. i look at this and i worry because in the camp that believes going over the cliff -- the united states will enter a new recession. i do not see the basic associations on the house and senate side that would write the legislation and pass it. host: so far the market
FOX News
Dec 6, 2012 10:00pm PST
for him. if he goes off to hawaii and spends three weeks there, and no deal happens and the fiscal cliff hits and we've got the largest tax increase in history and the markets plummet and he's sitting over there splashing in the surf, i don't think he can do it. >> i wonder what other nations think about us? this is, you know, is it a terrible problem we are going through right now, but we look like we can't handle our own business. we can't talk to each other, we can't figure out our own economics, and i can't think what kind of morale authority do we have in the world when we look so pathetic, so pathetic in terms of how we handle things and the fact that we don't? >> the problem with the american people is today they are -- greta, they are as deeply divided and polarized as we have almost ever been. look what boehner is could go right now in making a deal. he's violates his fundamental principles. he's violatings a commitment he made to the american people. he's doing something that he thinks will hurt the american economy, $800 million of tax on job creators, he's splitting his party
FOX Business
Dec 11, 2012 10:00pm EST
money, and power. lou: the fiscal cliff looks bleak, no news, no deal, no urgency. >> the american people have to be scratching their heads, and wondering when is this president gointo get serious. lou: obama is serious about his ultimatum and demands to raise taxes, boehner said no new taxes, obama can have his tantrum, the a-team weighs in. >> and president's job czar has a healthy respect for government efficiency, at least in china, ge's ceo's stunning analysis of the communist economic and political system. record finds for wall street's money laundering bank of record, mexican drug cartels, middle east terrorists, african dictators all among hsbc's clientele, and no one is going to jail? why not? legal experts join us here next >> british banking giant, hsbc agreed to pay a record dollars 1.9 billion to settle allegations it landerred money from mexican drug lords, and sanctions transactions from iran illegally. lenny brewer said that the scale of hsbc's operation was stunning. >> at least one occasion, hsbc instructed a bank in iran on how to format payment messages so that
CSPAN
Dec 8, 2012 7:00pm EST
of deal would be reached to avoid the fiscal cliff. i know it is hard to read the tea leaves because in the meantime you have these offers viewed by each side as not serious, kind of like fiscal cliff bungee jumping. people jump in and spring back out. but i believe the odds are good that there will be some sort of deal before the cliff. >> let's get into the longer- term deal -- everyone believes entitlement reform and tax reform is going to take place in 2013, maybe 2014. but just in the short term, can the republicans, can enough republicans say, we do not like it, but we are going to go along for now with the 39.6% rate and come back with a promise of next year of trying to lower and broaden the base? >> i would much prefer that we do the kind of pro-growth reform that i laid out in a bill a few weeks ago, not thinking that this bill is going to become law, but a way to show a path forward with $4.5 trillion in savings. i think that in the event that the house feels that, when they see that the senate is obviously controlled by the democratic party, you have a democratic presiden
FOX News
Dec 7, 2012 3:00am PST
a great show. want to know the real reason there is no deal on the fiscal cliff? that answer is next on the rundown. >> steve: then gangam style isn't for kids anymore, brian. yep. even these arizona grandmothers are addicted. we'll take you there live. ♪ the weather outside is frightful ♪ ♪ but the fire is so delightful ♪ nothing melts away the cold like a hot, delicious bowl of chicken noodle soup from campbell's. ♪ let it snow, let it snow a hybrid? most are just no fun to drive. now, here's one that will make you feel alive. meet the five-passenger ford c-max hybrid. c-max says ha. c-max says wheeee. which is what you get, don't you see? cause c-max has lots more horsepower than prius v, a hybrid that c-max also bests in mpg. say hi to the all-new 47 combined mpg c-max hybrid. share "not even close." share "you owe me..." share "just right." the share everything plan. shareable data across 10 devices with uimited talk and text. by htc for $49.99. >> steve: every day the nation gets one step closer to the so-called fiscal cliff. right now there are only 25 shopping days
FOX News
Dec 10, 2012 6:00am PST
. another republican apparently willing to agree with tax hikes to get a deal on the fiscal cliff. that is the case now. what do republicans get in return? senator lindsey graham is live on that. martha: looks like a beautiful morning everywhere, doesn't it. new reaction as details are now emerging in yet another nfl football tragedy. this time a crash that killed a dallas cowboy player and left another player charged with manslaughter this morning. >> i think everyone in our organization who knew him is completely numb and has been numb the last couple days. football is a game of emotion. a lot of different emotions circulating. somehow how some way, we have to process it all and understand that life is different than football and we had a job to do today gressiv, and they're them. yes. but they're here. yes. are you...? there? yes. no. are you them? i'm me. but those rates are for... them. so them are here. yes! you want to run through it again? no, i'm good. you got it? yes. rates for us and them -- now that's progressive. call or click today. music: "make someone happy"
MSNBC
Dec 7, 2012 9:00am PST
. that's the whole issue here. >> on the fiscal cliff front, no new deals or concessions made public, but "the new york times" reports the dynamic has changed. at the request of speaker boehner, senate leaders and nancy pelosi have been dismissed from the negotiating table. leaving just the speaker and the president to hammer this one out. today vice president biden is hosting middle-class families at the white house, continuing to pressure congress to strike a deal on tax rates below 250,000. yesterday, the president struck a hopeful note with a middle-income family in virginia, while maintaining a hardline on negotiations. >> the message that i think we all want to send to members of congress is, this is a sovble problem. i'm not going to sign any package that somehow prevents the top rate from going up for rate at the top 2% but i remain optimistic we can get something done for that is good for families like this one and that is good for the american economy. >> but the clock is ticking. with just two full weeks before christmas to go. joining me now from washington, the man with
CNBC
Dec 6, 2012 7:00pm EST
we could do is go over the fiscal cliff. we have the same tax rates that we have when bill clinton was president. significant cuts in defense and also significant human services can you tell us. >> katie, let me ask you, before you respond to what governor dean is saying. there is logic to what howard dean is saying. i don't happen to agree with it. but i know where he's coming from. katie, let me ask you this -- katie can't hear me. we'll wait for her to get back hooked in. howard, what about the notion that i'm posing tonight -- i've said this a few times -- republicans better be careful. they're not going down your road and the democrats aren't going down your road. you have middle class tax cuts for the democrats and it sometimes sounds to me as an old reagan conservative that the republicans better watch themselves because sometimes it sounds like they are kind of defending rich people. that's their whole mantra, just defending rich people. and i think that's not where they should be. >> i would agree. if i were politically advising the republicans, which i'm certainly not, i
CSPAN
Dec 7, 2012 7:00am EST
. it is possible we pass the fiscal cliff with a good deal, and folks like goldman sachs and lloyd blankfein say the economy will takeoff, and if that is the case people will leave benefits because they have a job. host: if this is not addressed in the fiscal cliff debate, will it come up in the debt ceiling debate? guest: all of this depends on how the fiscal cliff sorts itself out. yesterday, you have senators say we want on income benefits extended. if the fiscal cliff debate is only limited to tax rates and deficit reduction, and not the debt ceiling, this will come up again. president obama once the debt ceiling to be part of this agreement. the reason why is simple, because that is where republicans have leverage in february. he needs republicans to extend the debt ceiling for the government to function with all going into default. republicans know this, and in theory they could separate the two to maximize their leverage. host: time for a couple more calls in this segment of the "washington journal," we will continue the unemployment insurance discussion in the following segment. laura is
FOX Business
Dec 11, 2012 7:00pm EST
, but he is also wrong it is about money as well. big money, and power. lou: the fiscal cliff looks bleak, no news, no deal, no urgency. >> the american people have to be scratching their heads, and wondering when is this president going to get serious. lou: obama is serious about his ultimatum and demands to raise taxes, boehner said no new taxes, obama can have his tantrum, the a-team weighs in. >> and president's job czar has a healthy respect for government efficiency, at least in china, ge's ceo's stunning analysis of the communist economic and political system. record finds for wall street's money laundering bank of record, mexican drug cartels, middle east terrorists, african dictators all among hsbc's clientele, and no one is going to jail? why not? legal experts join us here next. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which inclus investment objectives, risks, charges an
FOX News
Dec 6, 2012 10:00am PST
of the deal to head off -- to stop us from going off the fiscal cliff. they said by the way we need to raise the debt limit and this new proposal of eliminating congress from the process of raising the debt limit. >> senator mcconnell has offered to have an up or down vote on this and democrats haven't taken him up on it. all of the spending reductions that simon cited in the 1990s were tied to the debt limit increase. it gives republicans leverage. president obama has the leverage in the fiscal cliff fight. he's willing to let the tax go up on the middle class. on the debt increase he doesn't have the same leverage. bob woodward pointed out that tim geithner said to president obama if the republicans stick to their guns on the debt limit bill you cannot reto it. the consequences will be so clam to us that you cannot veto it. so obama would have capitulated. megyn: that's what simon is saying now. that we shouldn't put the country in that position. >> the only way we'll get action on this debt. we keep spending and spending and raising our debt by $6 trillion every obama term. that's what ca
FOX News
Dec 6, 2012 1:00pm EST
on this fiscal cliff which has automatic tax hikes and spending cuts as of january one, they are trying to avert that. he says any deal on this must include an end to the debt ceiling all together. he wants complete power to raise the country's limit by himself. he doesn't want to have to get congressional approval. that is a demand stirring strong response from republicans today. >> the on way we ever cut spending is by using the debate over the debt limit to do it. now the president wants to remove that spur to cut all together. of course, it gets in the way of his spending plans. i can assure you it one happen. the american people want washington to get spending under control and the debt limit is the best tool we have to make the president take that demand seriously. the american people want us to fight to cut spending. it's a fight they deserve and a fight we are happy to have. >> joining me now, simon rosenberg. and mark theisen. guys, welcome. simon, let me start with you on this. we did have some democrats come on the show and say no, the president doesn't get to just decide when to rais
FOX News
Dec 11, 2012 3:00am PST
, but america may fall off the fiscal cliff this week. the deadline to get a deal done just moved up. we'll tell you why and what it means for your wallet. >> steve: meanwhile, it is one of the most famous stories from the bible and this morning, the guy who discovered the titanic wreck says he's got proof noah's ark was real. i don't think that's picture of it, but you got to hear the story. "fox & friends" hour two for tuesday starts right now. >> steve: welcome, everybody. eric, do you have your christmas tree up yet at at "the five" sh. >> eric: we have one up and we have a menorah as well. >> steve: 'tis the season. very nice. we have three, at least three christmas trees in the hall. if you don't count those concal things. >> gretchen: people were e-mailing, where is the christmas tree. >> steve: there is one here and one behind me. >> gretchen: and one in the shot. >> steve: jolly old ted. >> gretchen: is it there now? yeah. we have a lot. >> gretchen: oh, my goodness. to think i didn't notice that this morning. >> eric: take the menorah shot. there we go. >> steve: properly lit. >> gretc
CNBC
Dec 7, 2012 3:00pm EST
week, another week without a deal to avoid going over the fiscal cliff. while today's positive jobs report did give markets a boost early on, it wasn't enough to get a significant rally going and to continue it on. so what's it going to take to get some conviction back in this market? >> that's in today's "closing bell" exchange. gentlemen, great to have you joining us here on "closing bell." i think bill pretty much cede it. what is it going to take to get conviction back in this market? i kind of know the answer, but i want to hear you guys say it. give it a crack, jim. >> clarity. i think some kind of clarity as to what tax rates are going to be in a mere 3 1/2 weeks. so that we can start is making some kind of plan. right now the market's on hold. we're all waiting. >> do we need just a plan, or does it have to be a good plan, jim? >> i think a good plan would obviously be a better plan. a good plan would be less taxes going up than more taxes going up. at this point, even a bad plan might be better than no plan. >> austin, it's clear from this jobs report the economy is stuck i
ABC
Dec 9, 2012 11:00pm EST
out their differences and reach a deal in time. >> a local girl is not focused on the fiscal cliff -- her fight against cancer. jay korff joins with her story. >> everyone has heard of the make a wish foundation -- they raise funds for children with serious medical conditions. gabrielle miller, a local girl, is turning hurt moment into a movement of giving. >> early saturday morning parents and students poured into loudon country day school. >> i am happy for her. >> candidate to share in a christmas tradition. >> hear to write letters to santa. >> the requests are more like a written prayer than an appeal for a toy. >> we are asking for a cure for cancer so she will be ok. >> they are selfless, just legg gabriele miller, the student who inspired this. she began getting headaches and a mr reveali an inoperable brain tumor. but if you ask her -- >> sick is you have the flu, ill is you are going to die. she says she is sick, not ill. >> 8 qualify her to travel to paris and through the make a wish foundation. to g through her treatments, she thinks often of that trip. and she started
CSPAN
Dec 11, 2012 5:00pm EST
to deal with the fiscal cliff is to have a true fiscal reform package that i hope would be in the range of $4 trillion, $4.5 trillion, so we can put this issue behind us and really begin this next year with it in the rear-view mirror and our economy taking off because we've shown the world that we've actually dealt with these issues and people in our country would have the confidence to invest -- to invest here in our country because they know we in washington have been responsible in that way. one of the big discussions that's taking place right now is revenues, and, really, i think at the end of the day, we're going to come to a conclusion very soon that it's probably time for us to go ahead and rescue the 98% of the country that's been caught up in all of this. and my sense is we're going to have some resolution to that in the -- in the very near future. what i have found is, and one of the reasons that we don't have a solution, is that people on both sides of the aisle are focused over here on the revenue side, but so far there really has been almost no discussion on the entitlement
FOX News
Dec 7, 2012 1:00pm PST
go over the fiscal cliff and taxes go up for everyone. >> if there is in deal do you blame the republicans for ruining christmas? >>governor huckabee: the grinch that stole christmas they are called republicans. the media will spend this as the republicans will not come to the table but the republicans came to the table. they brought out $800 billion of taxes. what did they get in nothing. they got balloon juice because the democrats said here is the deal. we will thing about some cuts. we are not sure when or how much or where but we will get back to you. you go lady and raise the taxes. people if the republican party can tut go for that although they will get blamed for the disaster and the train wreck this is coming. >>neil: i tell people to look at coverage and say, did you wonder why republicans are obstinate wanting to hike taxes more, but, democrats are not when they don't want to cut spending? i say you go with the republicans on the tax thing it should be more and should be raised or should be this, fine, then apply the same standard to democrats when it comes to s
CSPAN
Dec 8, 2012 3:35pm EST
year. eric cantor says the house will be in session monday, december 17 to deal with the fiscal cliff. live coverage of the house here on c-span. the senate returns on monday at 2:00 p.m. eastern to consideration of a bill that would extend the fdic transaction guarantee program that provides unlimited deposit coverage for non-interest bearing account. the senate will consider the nomination of the assistant secretary of housing and urban development. tomorrow, we will talk about the latest news about the so-called fiscal cliff negotiations with a former congressional budget office director. then a look at the lobbying going on in washington. later, a look at developments in syria and the response from the international community. "washington journal" here on c- span. this week, we will have the vermont governor and new chairman of the democratic governors' association, who will talk about the fiscal cliff and laying the groundwork for the 2013 and 2014 elections. lives on sunday at 10:00 a.m. eastern. next, a quick look at president obama and the first family last week at the nationa
CSPAN
Dec 11, 2012 1:00pm EST
year, two years, i do think obviously getting over the fiscal cliff the deal, getting closer to balancing the budget, which i think is still very important in the mindset of businesses and this government, that we learn to do that. but i do hope because of all the discussion that tax reform is something that is taken seriously for this year. i think it's well overdue. it's been posited as something that should be done now. it's obviously doesn't have time to do it before december 31. i think that there's a real opportunity to make a lot of the changes that we have talked with through -- about through tax reform. and it will give businesses a lot of the assurances they need that the government is paying attention. >> you should tell barack obama to find a jim baker, then. >> i have an idea for you. which is, this is -- if you think about each time we reached a crisis point of enormous proportions in our country, there's been an institutional response toe it. we had a number financial crises through the late 1800's early 1900's, we create add central bank. and that has proved t
FOX Business
Dec 7, 2012 4:00pm EST
this up do we go over the fiscal cliff? >> yes. probably. 55% to 60% and early january they strike some kind of deal that allows the administration to say there decreasing taxes from what they went to in january 1st. i say 60% we are going over the cliff. dave: we are playing with fire if that happens. a lot of people say even if it is temporary it might push us into recession. quickly, you think that is possible that we will? >> certainly possible. interesting the consensus have gone from 50% to 60%. a month or two ago we were not going to go over the cliff. i agree that is completely flipped on its head and the only president in recent memory who headed debt ceiling in summer of 2011, all through july everyone was confident we were going to get a deal and we saw what happened. a little bit of cash on the sidelines to reload the. of the goal of the cliff, is not a bad thing for investors. dave: still a scary time. the possibility that we could go into recession as a result of that. thank you very much. michael, phil, we will check in with you in a couple minutes when the s&p futures cl
Current
Dec 11, 2012 3:00am PST
. sounds like he will get a deal with the fiscal cliff. that he can go to his base and say here's what i got you. so it sounds like he's going to come out of this latest negotiation strong and so he's going to be able to use that, as you say, use that capital. use that clout to try to get something done and it's very encouraging. you have lindsey graham from south carolina who now probably isn't going to face a primary challenge. because of the demint seat now. working with senator schumer from new york, trying to work this out so if there's any positive repercussions from the demint thing is the fact that lindsey graham might now be more likely to work with schumer graham one of the leaders on this issue and work with the democrats in general to try to get something done. it failed -- the talks failed in 2011. this is another shot. >> bill: well, you know, it is -- it is time for this issue. way pastime. way pastime for this issue. >> use the presidential bully pulpit to get this done. the question is what exactl
MSNBC
Dec 10, 2012 9:00am EST
'm chris jansing. could a secret meeting seal the deal when it comes to the fiscal cliff? well, president obama and speaker boehner met one on one at the white house last night. it was the first time in almost a month. neither side is talking about what happened. but today president obama continues his public campaign to pressure republicans to give on
CSPAN
Dec 12, 2012 1:00pm EST
a deal on this fiscal cliff. the reality is that will there are few members of this house who probably are in discussions with the white house about trying to work out a deal, but the vast majority here, democrats and republicans, are being asked to do nothing. last night we came back and we voted on a -- to approve the journal, that's all we had to do last night. to approve the journal. we haven't re-authorized the violence against women act. we haven't extended middle class tax cuts. we haven't re-authorized the farm bill. i could go on and on, but we had to come back to vote on a -- have a journal vote last night. the time has come for us to get back to work. the election was clear. the election was clear. the views advocated by governor romney anti-republican majority were rejected. the president won comfortably, and we did -- democrats won more seats in the senate, we won more seats here in the house. i think it's a pretty clear message that the american people think that we ought to do what's right in terms of balancing the budget and that is ask the donnell trumps of the world t
FOX Business
Dec 11, 2012 4:00pm EST
the fiscal cliff. rich edson reporting from washington. thank you very much. liz: david, the news changes, and day-to-day, breaking news now, adam on dish. >> yeah, move over verizon, at&t, with the dish of dish if you want a new cell phone company. three of five fcc commissioners approved a rule change as of today, and it would allow support for the dish speck rum rule change for a wireless network. dish could then, perhaps, as sale at capacity for the u.s. market so the fcc, looks as if is clearing the way for dish. back to you. david: boy, a more ever-crowded market in the cell field. competition is good for consumers, not a bad thing. thank you very much. liz: washington, still, as you know, not coming to a solution on the fiscal cliff with the clock ticking louder than ever. coming up, we are joined exclusively by the former treasury secretary paul o'kneel and how he would solve the crisis. david: big labor taking a big hit, right it work bills sent to the governor's desk who is joining us live after the break. ♪ ins. i didn't see them coming. i have obligations. cute obligatis, bu
CSPAN
Dec 12, 2012 7:00am EST
working on a deal and nothing is locked down yet. we will talk more about the fiscal cliff this morning on "the washington journal." what tax deductions would you give up as part of a solution to the deficit problems? here are the numbers to call. for republicans, 202-585-3881. for democrats, 202-585-3880. for independents, 202-585-3882. you can also find us online. send us a tweet, twitter.com/c- spanwj. find a son facebook and weigh in there. at journal@c- span.org. "the christian science monitor," asked what we would be willing to give up. "americans would be willing to give up the tax deduction for charitable giving over other popular tax breaks." host: let's take a look at the results of this poll. 25% said that they would be willing to give up the charitable giving tax deduction. almost the same amount said it would be willing to give up their deduction for state taxes. 19% said they would be willing to give up host: we would like to hear what deduction you would give up. you can weigh in on our facebook page, there's a poll set up where you can tell us specifically which interest
FOX News
Dec 9, 2012 1:00pm PST
of the fiscal cliff looming larger as the clock ticks toward the deadline on january 1st. negotiators are trying to hammer out a deal over tax hikes and spending cuts searching for common ground. amid all the back and forth there are signing of a compromise. steve centanni is live in washington. are the two sides any closer together? >> reporter: there are two important signs today. speaker, house speaker john boehner met with president obama at the. we don't know how long they met or exactly what they talked about, but the white house says lines of communication are open and face-to-face meeting is on important. at the same time republicans say they will accept the demands for higher taxes on the wealthy if it goes along with spending cuts entitlements like medicare and social security. listen.... >> a lot of people are putting forth a theory. i think it has merit where you give the president 2% increase he is talking about on the top 2 percent. i am beginning to believe that is the best route for us to take. >> reporter: many other republicans, of course, standing firm against any tax increase
CNN
Dec 11, 2012 6:00am PST
could tumble off the so-called fiscal cliff if washington can't strike a deal. so with the clock ticking and the stakes so high, both the white house and republican leaders are tamping down their fiery rhetoric. listen to president obama's sales pitch for his version of a compromise. >> when you put it all together, what you need is a package that keeps taxes where they are for middle class families, we make some tough spending cuts on things that we don't need, and then we ask the wealthiest americans to pay a slightly higher tax rate. >> brianna keilar is at the white house. brianna, are meetings going on outside of the public's view? is that your understanding? >> reporter: well, there are discussions. that is what we're told. as we understand it, obviously, the last meeting between the president and speaker boehner was on sunday. but we're told by both the white house and the speaker's office that discussions are ongoing, so, obviously, they can all pick up the telephone, and that, quote, the lines of communication are open. this is thing we're hearing over and over again. but make t
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